GE Vernova Secures Major Orders from Pgcil to Accelerate India's Energy Transition

GE Vernova’s Grid Solutions business (NYSE: GE) today announced it has been awarded orders worth multi-million dollars from Power Grid Corporation of India (PGCIL) for the supply of 765 kV Shunt Reactors for various transmission system projects in India. These projects are part of PGCIL’s efforts to integrate renewable energy into the national electricity grid and enhance electricity transmission within the country, particularly in regions such as Rajasthan and Karnataka.

"These orders underscore our commitment to supporting India's ambitious renewable energy goals and strengthening its electricity transmission infrastructure," said Eric Chaussin, Power Transmission Business Leader of Grid Solutions, GE Vernova." This highlights our technical capability in designing and manufacturing oil-filled reactors, including 765 kV shunt reactors. This equipment plays a crucial role in enhancing grid stability and efficiency, especially in the context of integrating large-scale renewable energy projects.”

The orders will be executed through GE T&D India, the listed entity of GE Vernova's Grid Solutions business in India. GE T&D India will be responsible for providing the complete equipment package, including design, engineering, manufacturing, testing, erection, and commissioning of the 765 kV class reactors at the designated transmission substation sites. The reactors will be manufactured at GE T&D India's Vadodara plant and are scheduled for delivery in the financial year 2025-26.

Sandeep Zanzaria, MD & CEO of GE T&D India, said, "We are delighted to support PGCIL in the modernization of India's grid infrastructure through the supply of locally manufactured equipment in alignment with the government’s Make in India initiative. To date, we have successfully manufactured and supplied over 600 transformers and reactors of 765 kV class from our Power Transformer facility in Vadodara, Gujarat, to customers in India and abroad, solidifying our position as a leading manufacturer of such equipment in India.”

India has set ambitious targets for renewable energy deployment, aiming to have 50% of its power generation capacity fueled by non-fossil sources by 2030, compared to 41% in 2022. The country has also set a target of 500 GW of non-fossil capacity by 2030. The Green Energy Corridor project, a key initiative, aims to create transmission capacity to integrate a rising share of variable renewable power, targeting the integration of 500 GW of renewable capacity by 2030. India announced its ambition to reach net-zero emissions by 2070 in 2021, highlighting the importance of investments in clean energy infrastructure.

Shunt reactors are essential components of power transmission systems that help maintain voltage levels and improve grid stability. They help stabilize the electrical system by balancing the voltage levels, especially in long-distance transmission lines. This ensures that electricity flows smoothly and efficiently, reducing the risk of power outages and ensuring a reliable supply of electricity to homes and businesses.